The company engages in network communications, telecommunications, and military, aerospace and government systems.
[3] On December 13, 2013, Sonus Networks, Inc. and Performance Technologies entered into a definitive merger agreement, under which Sonus will acquire PT for $3.75 per share in cash, or approximately $30 million.
Monterey and IPnexus Application-Ready Platforms These platforms are built on PT's hardware combined with PT's NexusWare Carrier Grade Linux operating system, enabling a range of IP (Internet protocol)-interworking in data acquisition, sensor, radar, and control applications for aviation, weather, and other infrastructure networks.
There are mainly four Xpress applications: Prepaid/Postpaid services, Voice Messaging, Private Network Cost Optimizer and Telemarketer Guard.
[5] In December 2013, Sonus Networks, Inc. reached an agreement to acquire Performance Technologies, Inc. for $3.75 per share in cash, or approximately $30 million, net of PT's cash and excluding acquisition-related costs.